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Property profile & analytics
FOR LEASE
Office buildings
9161 Sterling Dr, Laurel, MD 20723
Entity Owned
17-yr Hold
Free & Clear
Property ID
US40-1213570
For Lease
1 / 2
Contact for pricing
9161 Sterling Dr, Laurel, MD 20723
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Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2011
Construction
CONCRETE
Total area
155,446 SF
Lot
10.76 ac (468,706 SF)
Zoning code
PEC
APN
06-572561
UPID
US40-1213570
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Whiting-Turner Contracting Co Construction Company General Contractor
-
Emerson 3 Federal Government Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$63.13M
Blend (final)
Blend
$55.85M
Owner & transaction history
Emerson Dev III LLC · 17 yrs held
Emerson Dev III LLC
since 2009
6 recorded transactions
Zoning & alternative use
PEC · Laurel, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$57.3M
+25.1%
Retail stores
$46.4M
+1.3%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Laurel submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Laurel submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$45,790,000
Current use
AUTO REPAIR, GARAGE
$57,295,000
Change: +25% · Conversion: Difficult
RETAIL STORES
$46,405,000
Change: +1% · Conversion: Moderate
Blend value · Realmo final
$55.85M
Range $50.26M – $61.43M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$359 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$466,646
Tax year 2022
Assessed value
$41,461,200
Assessed 2023
Previous assessed
$41,442,800
+0.0% YoY
Effective rate
1.13%
On assessed value
Land market value
$5,380,000
Improvement market value
$36,118,000
Total market value
$41,498,000
Applied tax rate
6.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
2011
Construction
CONCRETE
Heating
YES
Cooling
YES
Stories
5
Units
1
Total area
155,446 SF
Lot
10.76 ac (468,706 SF)
Zoning code
PEC
APN
06-572561
UPID
US40-1213570
Jurisdiction
HOWARD
Zoning & alternative use
PEC · Laurel, MD
Zoning PEC · permitted uses
PEC · Laurel, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Laurel. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$45.8M
AUTO REPAIR, GARAGE
Est. value
$57.3M
RETAIL STORES
Est. value
$46.4M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2011
Construction
CONCRETE
Heating
YES
Cooling
Yes
Stories
5
Units
1
Lot
10.76 ac
Current owner
From public records · entity-resolved
Emerson Dev III LLC
Entity
Free & Clear · 17 yrs held
Mailing address
1 TEXAS STA CT STE #200, TIMONIUM, MD 21093-8288
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 5, 2022
—
Emerson Development III LLC
—
Deed
related
$23,000,000 · State Farm Life Insurance Co
Jun 30, 2017
—
Emerson Dev III LLC
—
Deed
related
$27,000,000 · Branch Bk&tr
Jan 20, 2009
—
Emerson Dev III LLC
Emerson Dev III LLC
Quit Claim Deed
related
—
Dec 1, 2008
$3,758,500
Emerson Dev III LLC
Emerson Land Business Trust
Grant Deed
related
—
Aug 12, 2004
—
Emerson Land Business Trust
Emerson Corp
Quit Claim Deed
related
—
—
—
Emerson Dev III LLC
—
Deed Of Trust
related
$28,000 · Capitol One
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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